A business borrows $6050000 to finance art projects with the understanding that they must pay the interest at the end of each month at a nominal rate of 7.5% convertible monthly and that the borrowed amount must be paid back at the end of twenty years. They are also required to make deposits into a sinking fund earning a nominal rate of 6.9% convertible monthly to cover the repayment. What is the businesses total monthly expenditure to satisfy this debt?